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administration has been getting called out for picking winners and losers in the energy sector, mostly losers. a new bill would eliminate all of the energy, all of the energy tax credits. would that make it even playing field for people in that this is? running me now, republican congressman of kansas superposed the bill. congressman, welcome to the show. are you trying to accomplish with this? >> several things, first of all. thank you for having me on the show and talk about this. this is about affordable energy for the folks in kansas and california. affordable energy that they can depend on and rely on. our tax cut has become one that favors folks with a political ties and not those customers. in so many energy companies to get back to doing what they're supposed to do, creating value through finding customers, not political patrons. my legislation does just that, getting rid of every single energy tax credit in the entire code. i am all for it. we should close these loopholes for wind and the algae and tax credits totalling guesstimated of the mall and level the playing field. gerri: you
considerations and not issued in good faith. >>> japan has agreed to provide india's steel industry with energy saving technology. output is expected to jump five-fold by 2050 but energy conservation is a pressing issue because the industry is heavily dependent on fuel oil as well as electric power. the agreement came after a meeting in tokyo. it was tended by government and industry officials from the two countries. the technological know-how to be provided to india provides, among other things, how to convert heat and gas from steel mills into electric power. >> we hope that in the time to come we'll be second largest steel producer of the world. with this expansion, capacity is in mind, we do require better technologies, efficient technologies. we are assured with the discretion with exports, we will be able to find the right technologies for india. >> under the accord, japan will also send experts to india to help build energy-saving facilities. >>> that is going to wrap it up for biz tonight. let's get you a check of the markets. >>> residents of beijing have woken up for much of the past
-- sprinkles. the boundary has stalled out on top of us with a little energy which could squeeze out light rain showers this afternoon. 39 degrees at reagan national but but wind chill is down at 34, so still a little bit cooler. with the cloud cover, slow to warm up. traveling, things are pretty good up and down the east coast. we have our ribald delays leaving here headed to new york's city or newark, 30-60 minutes. also shower activity across the ghost -- gulf coast but the midsection is looking good. in addition to a few sprinkles flurries to the west of us throughout the day we are expecting cloudy skies and temperatures in the middle for a's. a little warmer in the seven-day forecast and things looking interesting for friday. i will explain coming up and another few minutes. >> thank you. today the senate just passed a bill to increase security at american embassies overseas. this morning's vote approved a measure to transfer a little more than $1 billion from a surplus of funds once intended for operations in iraq. it will be used to build a marine security guard posts and embassies that
be the next energy secretary. dagen: more on the power outage and the record-breaking at cbs sports for that incredible game. connell: and cyber attacks, the white house considering action against china. dagen: i had the ravens, did you? by a field goal, 27-24. connell: nobody knows football like dagen mcdowell. clearly. dagen: stocks now has to do every 15 minutes, nicole petallides at the new york stock exchange. nicole: a good bet going. if yo you're betting on the mar, 14,000 mark a little disappointed today, we are pulling back, dow jones industrials down 116 points right now. a majority of the dow components, 28 of the 30 were in the red, only two names, green arrows, there is ro rod-based selling going on, the retail stocks all with down arrows. some of this is coupled with number one, very far, very fast. and you have a strong dollar, worries of europe once again factoring in. and they look at oracle, up over 1%. down 1.6%. up over the $2 billion deal. obviously the equato acquirer cg in. dagen: energy attorney announced friday he will be leaving that post pending confirmati
. energy has been the leading sector in this recent rally. so are these still -- these stocks still a hot play or are they too hot to handle now? if you thought profits were the thing that is the only thing that ceos cared about, think again. we will tell what you is keeping top guys and girls up at night. my partner sue is up at the stock exchange. sue? >> hi, ty. money-losing u.s. postal service is ending saturday delivery of first class mail. all in an effort to trim costs. postmaster general speaking to cnbc about the move and ramifications for you and for business. pearson is in washington with the plan and political fall out. hampton, you're up first. >> losing about $36 million a day, cutting saturday first class delivery will save about $2 billion a year. it is really the best short term option right now for the postal service with losing $16 billion last year np in the past, congressman dated six day service. but right now, because the government is running on a temporary continuing resolution, that is opening the door for the postal service to act. >> it's our interpretation tha
respectively. but toyota jumped 2.9% to a new 52 week high. meantime, two energy giants reported strong fourth quarter profits. exxon earnings were 20 cents per share above estimates even though energy production dropped. chevron also had better than expected fourth quarter earnings per share, 24 cents above estimates. it was helped by refining cheaper oil, leading to higher profit margins. chevron shares saw the bigger boost, up 1.2%. exxon gained a fraction. four of the five most actively traded exchange traded funds were up. the s&p 500 volatility note fell more than 5%, as it usually moves in the opposite direction of the market. and that's tonight's market focus. >> tom: despite the rise in the unemployment rate in january, our friday market monitor thinks the u.s. economy is gaining strength. heather brilliant is the global equity research director morningstar. heather is with us from chicago. still tepid job growth here, healther so what gives you confidence that not only is the economy growth but strength is gathering momentum? >> i think there is a lot of improvement on the manufactur
's louisiana, home of the super bowl, and more important, the energy sector. so far in 2013, it's the leader, it's up 8%. sure, oil's increased in price this year, but that's not what's really behind the energy move. no, it's the astounding renaissance of the american oil industry. where we keep finding more and more oil and gas, and the companies doing the findings keep going higher and higher in price. just think about what core labs, the company with the technology behind finding so much new oil in old places said last night, last night right here when it detailed its quarter. a quarter that by the way drove the stock up $10.44 to finish today, core told us there could be not one, but two gigantic oil fields in this country we don't even know about, the size of the bakken and eagle ford, the two shales that have made the pipe dream of north american energy self-sufficiency into a reality that we could see in just a couple years time. could you imagine? i think america's oil and gas industry is in the early innings of the second game of the double-header. first game being spindle top. and
vitamins, which help convert food to energy, and help mike do manly things, like wrestle bears and take out the garbage. one a day vitacraves for men. but kate -- still looks like...kate. nice'n easy with colorblend technology gives expert highlights and lowlights. for color that's true to you. i don't know how she does it. with nice'n easy, all they see is you. >>> tonight we're circling back to cramer fave starwood, hot. one of the best managed hotel names out there. we kicked off earning for the group. you may not have heard of starwood but you definitely heard of their brand, st. regis, luxury collection, "w" hotel, westin, sheraton, meridian. they have 1,134 properties in nearly 100 countries. they reported, it's no surprise that the terrific company beat earnings estimates by 5 cents and topped the revenue estimates. the revenue per available room, the key metric was up 4.1% worldwide. that's fantastic. the company of course gave inside guidance for next quarter. let's check in with the president and the ceo of starwood, find out more about the quarter and where the company is headed.
,000 mark for the first time in five years. but how does exxonmobil and chevron, two down energy stocks, and what is their impact on the move. josh lipton is with us. hi, josh. >> each sector has had a different role in the push it 14,000. first up, exxon which beat expectations on the bottom line on strong results and its chemical and refining businesses. but the oil giant also told us that it produced less oil and gas than it said it would back in march. stock right now, basically flat but since the peak in 2 thu 7, energy giant is actually down about 3% of the 880-something point we tacked on in 2013. exxon only contributed 26 points. then chevron, better than expected fourth quarter earnings as its refining business boosted profits. stock right now showing modest gains. but a better long-term story here. chevron is actually up about 24% since october 2007 and has added 60 points to this year's surge. worth noting, the role of the energy sector has also played in this broader rally between 2009 and 2013. energy lagged one of the reasons for nervousness last year, investors anticipate
promoting renewable energy and public land and managing the 2010 gulf of mexico oil spill. a little background. she has a degree of mechanical engineering from the university of washington. she began her career as engineer for mobile oil. she began her career as commercial banker. i thought that was interesting. she is married with two children. the president is expected to make the nomination at top of the hour. lori: i can't believe she is leaving rei. they make cool stuff. >> they do books? lori: books? no. melissa: it is quarter to. as we do every 15 minutes, let's check the markets. nicole petallides is on the floor of the new york stock exchange, watching names that report after the bell today, nicole. >> no book titles here right now. let's talk about earnings, earnings, earnings. it is the season and we watched these names so closely today, after the bell. in the 4:00 p.m. hour, keep an eye on these names between now and the closing bell. so we're looking attest sorrow corporation. this is a name in exploration and production, oil energy, exploration production. a 52-week hi
for a change? >> i think that is where all the initiative and where all the energy is going right now. this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr. cantor will join me tomorrow. next up this evening, we had a nice recovery rally in the markets today. but here's what i want to know. what effect will the sequester have on stocks? will it be as dire as some say or might it be bullish. we'll get answers. free market capitalism, the best path to prosperity. free market capitalism says shrink government spending to grow the economy. i'm larry kudlow. we'll be right back. all right that's a fifth-floor problem... ok. not in my house! ha ha ha! ha ha ha
energy. right away i'm suspicious. >> a few days before the big game the superdome being lauded for efficiency. so efficient they turned off a half the lights for half the game. according to the nfl there was an abnormality like a power surge and a breaker kicked in. they knew what it was quickly. it takes a while to restart it because generators kicked in. if it was all dark it would have been difficult. everyone was calm. the game was delayed 34 minutes. it was just an embarrassment at best. we don't know exactly what happened. we didn't get a lot of information. >> thankfully it didn't go all dark. that would have been a disaster. that's good. boomer esiason, analyst and former mvp of the nfl, said during rehearsals last week on two occasions beyonce blew out the electricity. >> he said that. >> he said it today, all over the place. >> the other thing. >> he's a smart guy. it's beyonce meets solyndra. >> i spent three days and i was surprised how much of the infrastructure wasn't finished by thursday. they were still constructing a bunch of things leading up to friday. it see
for this particular administration that it could have done more to work on domestic energy production. when you have somebody who sits as a cabinet member who said before being nominated that somehow you have to boost the price of gasoline to the levels in europe, are gas prices this high bad institution for this administration or not? >> well, they are, especially since in the fourth quarter the economy shrunk and did not grow. we are in a stagnant economy in america. we need to grow the economy the best way we can, to do that with inexpensive fossil fuel, oil, gasoline, allow people to get their products and goods and services to markets. >> shannon: all right. we've got to turn now to the white house where we understand we are just about to hear from the president of the united states. >> the decisions that we face on our budget and on our deficit. these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. we've seen signs of this progress
. joining us now with the outlook for energy, alan harry. he's portfolio manager and c.e.o. of the spartan commodity fund. alan, let me first start off by talking to you about home heating oil. we saw prices up this week 3%. what is the trend going forward? >> well, thank you for having me. what i look at right now is short term we're going up a little bit more. longer term we're heading down. two, three weeks we're going to go up just a little bit more. after that, down we go. >> susie: why is that? >> well, i think we're coming to the close of the heating season. we already have an idea of what days we have left of heating. and it's not using up enough. so they've kept a lot in reserve, a lot of speculation coming to the market, and it's not getting used up. two, three weeks we have a great idea of where we will sit heating season wise. after that, down we go displuz for most of the u.s., households use natural gas. they don't use heating oil. and the ones that do are mostly in the northeast. so come march, will their pricees, their home bills be down? >> by the end of march, it will be
to energy, and help mike do manly things, like wrestle bears and take out the garbage. one a day vitacraves for men. [ female announcer ] for everything your face has to face. face it with puffs ultra soft & strong. puffs has soft, air-fluffed pillows for 40% more cushiony thickness. face every day with puffs softness. face every day i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >>> yesterday i gave you a big speech about buying the pullbacks. you've got to be there. even though every time an actual pullback arrives, your first instinct is to sell, possibly to panic. in this forgiving market, though, you need to resist that urge and start putting your money to work. take this dip in hain celestial, down 2.3% off a quarter seen not good enough. hain is a host of brands, eart
to move. ashley: exactly. two energy etfs hitting new 52-week highs. power shares, pxj. its top holdings include weatherford, halliburton. ishares ieo. top holdings include occidental petroleum, anadarko and phillips 66. liz: here are the names. coinstar, linkedin, athenahealth. they are all reporting any moment from now. we'll bring you the numbers as soon as they're released. plus we have the ceo of athenahealth. he will join us exclusive. here is why you need to listen of the his stock is up nearly 46% over the last three months. that's not all. health care related, how about a cigarette with no tobacco, smoke or smell? electronic cigarette use is on the rise of the companies are sprouting up. one of the originals, one of the originals really capitalizing what ubs projects sales reaching one billion dollars this year. we've got the leader in e-cigarettes. ceo and president of njoy, joining us exclusively, just vapor coming out. wants to make the traditional cigarette on sew heat, ash. ashley: former governor of kansas, mark parker is warning about the huge impact our aging population
caterpillar, hewlett-packard, as i noted energy, exxon is one of the biggest lakers right now. we did cross 14,000. that was our fundamental moment will the move to those highs. melissa: strongly rejecting proposals for direct talks with the united states on a host of issues including the nuclear program. "talks will not solve any problems". iran was pushing for rollback on western sanctions in exchange for some key concessions on its nuclear program. they say the nuclear fuel is for energy reactors. the u.s. is concerned that they will produce weapons grade material. let's head to the pits of the cme and phil flynn. >> very little reaction down here. the very first place you want to look is the ti spread. it has spread out to the largest level of the year. it is possible that part of that could be this story. a lot of people did not hold out a lot of hope for the stocks. the direct talks with the u.s., they thought maybe something may come out of that. at least they were hopeful. the rejection, now that obviously looks like it will be off the table. these talks will not do a whole heck of a l
address energy and climate change. >> i was impressed in the discussion we had relative to climate change, and i mean this sincerely, mr. president, i could have been sitting in a private meeting with president obama. he would say it in english, not french, but he said the same thing. the president pointed out there's an obligation here that extends way beyond these administrations. >> biden says secretary of state john kerry will meet with the french foreign minister on the issue. some europeans have cheered kerry's confirmation that shows the united states is ready to affect climate change. the president promised to responsible to the threat of climate change but provided few specifics how. it's unlikely a large cap and trade will leave congress, leaving the president with the option of denying a canadian company's permit to build the keystone pipeline through the united states. the state department now under kerry's leadership has yet to approve or disease nye that pipeline's construction. >> want to battle climate change? think spring break. you heard me correctly. a new study out say
to continue to regulate the energy industry, trying to do more in the car industry, trying to take over the health care industry. >> can i just interject? you see the problems between government has mother may i decisions over the economy. >> it has nothing to do with the obama administration. the problems of the post office go back way before president obama existed. the reality is it's an inefficient organization that has to answer to the government to make decisions. the problem is people aren't using the post office. >> let me make a quick point. first of all it's not inefficient. >> you're right. i don't mean inefficient. >> i know what you mean. 50 cents you can send a letter wherever in the universe. >> that part is efficient. you're right. >> i want to make a supporting argument here. i disagree that it is sentimental. there is a famous video of claire mchaskill longing for the days of getting mail. >> the senator? what's the story with her? >> jon stewart ripped her to shreds. >> the point that's valid is we are big city folk. in the smaller, rural parts of the country and you
, the people of venezuela, and president hugo chavez responded. thanks to them, citizens energy is able to deliver millions of gallons of fuel to families just like the berios. i'm joe kennedy. if you need help staying warm, call me at 1-877-joe-4-oil. because no one should be left out in the cold! we gotta sell the car. where would we even start? get the car. hi howard. get in. hi, good to see you. start with an actual written offer when selling your car, no strings attached. carmax. start here. >>> 5:14. welcome back to wusa9. howard is here. things are warming up but we're also looking at a little rain. >> upper baltimore, should be fine. climbing into the low 40s. the big party at m ask tp -- m&t stadium. here's a look at your day planner. it will be a milder day. so we're liking that. temperatures into the mid-40s which actually is right about average for this time of year with partly to mostly cloudy skies and variable winds about 5 miles an hour or so. so we won't have that biting wind to deal with, although tomorrow is going to be breezier. a system came through overnight. hit t
just at 13, straddling there? i mean alan you are looking at an energy and commodities picture over there. but when there is very little fear, and rising stocks, rising commodities, and a falling volatility index that just looks -- i mean we're showing intraday here, which is a little useless, you know, we've spread it out and you can see especially if we took a two year or one year, you can see how far we've fallen. does that become disconcerting or do you still say $100 is the next weigh station like our guest did yesterday? >> we are in overbought territory for crude oil. however, we get a settlement above 98, i do think we get to 100 to 102 dollar level. what i'm seeing right now is we're starting to get some more rhetoric out of the middle east and some more issues out of the middle east. that might give the boost that the market would need to get it over 98. i do think it is oversupplied. if we don't start to get some of that and don't get settlement above 98, down we go. liz: he's looking at settlement above 98. we're looking at settlement above 14,000 at the moment. keith, d
, is that we worked with excel, the energy company, to make sure that not only do we have backup, we had backup upon backup because this is reflective for people saying what happened as opposed to everything going the way it is. >> good. can you imagine if that event, there would be blackout all over the world, what would they have said about american on infrastructure. it would have been horrendous. >> that's right. that's right. >> how is commercial real estate? >> well, you know, the construction industry as a whole has been dragging. residential in particular. but we see a turn now slowly in the residential market. and the cyclicality of that is commercial always follows residential. and we're seeing some uptick. you look at the american institute of architects and the associated general contractors, we're optimistic that it may not be a big spike, but maybe somewhere between 5% to 7% increase. i think a lot of that is because the banks now are lending. and some of the projects that were delayed are not done was because of waiting for finance. >> is there an example of that? i'm -- somethin
you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >>> welcome back to "mad money" special earnings season companion show. how not to be overwhelmed by earnings reports and to put them into perspective so you can profit from them in an informed and confident way to make money at home. we just went over how i like to use the earnings reports themselves to figure out the growth rate. late after the stock price to figure out if it's too expensive and too cheap against the sector and the rest of the market. the next way i use the earnings report, though, is equally as important. in some ways because of what i call the etf-ization of the market, even more important than the growth rate versus the price of the stock and its earnings per share. i measure the stock's earnings growth and quality of earnings growth against the cohort and then i figure out whether, here it is, the whole cohort is worth owning or forgetting about. wow. that's right. for most of my more than three decades of investing, i've accepted the fact that the sector
ahead of earnings. >> buy toll. >> virtual, doc. >> gap stores, 34. >> long ieo and energy player etf. i think it goes higher. >> that does it for us. don't forts to catch more fast at 5:00 p.m., follow me on twitter and scott wapner cnbc. "power lunch" starts right now. >> indeed it does. welcome to "power lunch," everybody. bulls, large and in charge. the dow trying to wipe out monday's triple digit loss. we have two breaking news stories this hour. president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well below the peak of 2009. saying deficits decline as a percentage of gdp could dip as low as 2.4% in 2015. then they start to rise again in 2016. that 10-year-old cbo deficit projection increased overall to 4.6 tr
, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but traders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at equity market as a proxy for demand, or future demand. we are at 14,000 in the dow, no coincidence that we are at the highs of the energy market as well. >> reporter: and the higher price of gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika mille "n.b.r.," new york. >> tom: still aad, the federal resee theatest target a cyber atta
we have been talking about last few days. we talk about foreign policy having an effect on energy markets. john bolton is coming on. he will be here in a moment. dagen: we will focus on the dow above 14,000. how is the dollar holding up? look at the dollar weakness, look at euro that is almost $1.37. that ultimately is not good for the country. [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. execu
president obama is making it. >> she is a top business executive. she has an energy background. she has a lot of experience that i think could come into play. my only problem here is that even some of the most impressive people who have served in obama's cabinet and of being cooperative. even the most strong willed and impressive people end up getting used as props. dagen: you are suggesting that this woman who ran the outdoor retailer, one of the best companies to work for and the country, that she is just a big old piece of plato and she will let herself get molded. >> they do kind of get chewed up and spit out. she is very strong-willed. she is incredibly impressive, do not get me wrong. she does not have a whole lot of experience in government. connell: who are you talking about specifically, by the way? >> they do serve at the president's prerogative, obviously. connell: who is different after serving in the administration? >> hillary clinton who is the most strong-willed and came in with the most independent portfolio, even she kind of got co-opted where she did not have an indepe
education, training, energy and national security will cost us jobs it will slow down our recovery. it is not the right thing to do for the economy, it is not the right thing for folks that are out there still looking for work. the good news is this does not have to happen. for all the drama and disagreements we have had over the last few years, democrats and republicans have been able to come together and cut the deficit by more than $2.5 trillion through a mix of spending cuts and higher rates on taxes for the wealthy. a balanced approach has achieved more than $2.5 trillion in deficit reduction. that is more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe it is required to save our debt. i believe we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i put forward during the fiscal cliff negotiations, and discussions with speaker boehner and others, are still very much on the table. i just want to repeat, do deals that i fell forward, the balanced approach of sp
. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> they're not little and they're not few and they're not easy. of the five of the top ten tax expenditures, these are loopholes. mortgage interest deduction, the deduction we get for health care, the child tax credit, deduction for state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health and we do need real tax reform but we oug
growth equities. look at some energy stocks this year have done very well. up 14%. market is up 6%. they are up 14%. your drilling stocks, you want to be in these sectors liz that have exposure to global growth. you want to be in the healthcare sector. it's a sector emphasis. we think the average will be lower but we think you have got emerging markets, japan, europe, those is where we would be focused. liz: people missed a year ago when you were standing here and saying you should be comfortable with having a decent portion of your portfolio in equities. have they missed it? am i overstating that? too late to get in? >> i don't think they've -- i think you want to watch any pullback and let that pullback take place and then buy on any pullback. basically your four p's, profits, production, personal income and politics. that's the one thing that could throw things into politics. debt downgrade of the united states, liz. liz: s&p already downgraded us a year ago, august. >> a year ago august, the following month, it happened at 5:15 on august the 5th, 2011, a year ago august. augus
solyndra alone is stepping down. energy secretary steven chu offering his resignation today. he was highly criticized for its handling of the $528 million loan to the solar panel maker, which later went bankrupt. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those comments, i say his departure could not come soon enough. $8 a gallon. that's my "2 cents more." that's it for tonight on "the willis report." thank you for joining as. do not forget to record airshow if you cannot catch us live. have a great weekend and a great night. ♪ lou: good evening, everybody. the dow jones industrials tonight above 14,000 for the first time since october of 2007. it just 155 points from its all-time high. the s&p regaining the 1500 level, the labor department today reporting 157,000 jobs were created
in this country that are actually occurring. energy revitalization and independence, i think that gets undersold. the fact that our labour force is now competitive. i think longer- term those are good things. my question is how quickly we get there, and there are all kinds of speed bumps before we kind of get to that end-state nirvana. and the big factor that holds the key to that is what happens in congress. > brent schutte. thanks so much. > > thank you. the big easy is working mighty hard to make a big comeback. we'll see what's new in new orleans, next. as the monday morning quarterbacking gets underway, we wanted to give special attention to the real winner of the super bowl: new orleans. joining us via skype this morning, mark romig. he's president and ceo of the new orleans tourism marketing corporation and chair of the host committee for super bowl 47. congratulatoins on hosting a terrific event. is the city closing in on being back to where it was prior to hurricane katrina? > > that is a very good question. a lot of us believe that because the nfl gave us the super bowl to host when we
.50 per gallon. that as the energy information administration reports u.s. households spent an average of nearly $3,000 putting gas in their tanks in 2012, the most money since the early eighties. it's testy times in our nation's capital. president obama failed to submit a budget plan, and republican house speaker john boehner is calling him out on the missed deadline. "this was supposed to be the day he submitted his budget to the congress. but it's not coming. it's going to be late. some reports say it could be a month late." the white house spokesman says republicans should take up and pass the president's previous budget plans, which include billions of dollars in revenue from higher taxes. according to reports, the white house did not release an exact date on when the president will issue his next budget, but the white house reportedly is blaming congress for taking until january to work out a deal that would avoid the fiscal cliff. new york governor andrew cuomo proposes one of the most ambitious home buyback programs ever attempted. $400 million would be used to purch homes dest
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